Commercial Credit Risk Manager

Coastal Community•Nanaimo, BC

3d•CA$72,535 - CA$90,173•Remote

About The Position

This opportunity offers the ability to work remotely from anywhere in British Columbia. Preference for candidates based on Vancouver Island. Reporting to the AVP, Commercial Credit Risk, the Commercial Credit Risk Manager is responsible for supporting the operations of the Commercial Credit Risk functions. This role maintains compliance and organizational credit risk exposure, ensuring alignment with the corporate risk appetite, direction, and initiatives. Additionally, this position is responsible for adherence to credit risk policies and practices, monitoring and reporting, while monitoring compliance with legal and regulatory requirements.

Requirements

Successful completion of a Bachelor's Degree in a related discipline (e.g. Commerce or Business Administration)
Solid understanding of credit union operations, principles, and values.
Minimum five (5) years of progressive experience in a financial service environment
Minimum two (2) year commercial credit underwriting experience or managing a diversified and increasingly complex commercial loan portfolio and/or a combination of both.
Solid knowledge of business lending, other stakeholder and regulatory requirements and approach to managing credit risk
Solid understanding of the competitive environment in the financial marketplace, and local communities within Coastal Community’s market area

Responsibilities

In conjunction with the risk management team, ensures a well-balanced Risk Management Culture where management and employees understand their role in the three lines of defense risk methodology.
Fosters a trusted environment that facilitates collaboration and innovation, ensuring a respectful, engaging productive work environment and positive culture.
Supports a departmental culture that facilitates open and immediate access to information.
Approves new Commercial Lines of Credit, Loans, Mortgages, Letters of Credit, and annual reviews within assigned lending limits.
Recommends loans exceeding assigned limits to the next level of authority, including the Senior Commercial Credit Risk Manager and AVP Commercial Credit Risk.
Provides support on corporate projects as needed for the delivery of credit risk services.
Completes audits on loans, annual reviews and construction draws approved by the first line of defense.
Assists in the review and analysis of the effectiveness from a risk perspective of commercial services lending programs, including auto adjudication.
Monitors that adequate processes are in place for the active and appropriate management of credit, operational, reputational, and regulatory risk and to validate compliance to the risk management framework requirements.
Monitors that delinquency ratios are acceptable against corporate objectives.
Monitors that appropriate 2nd line of defense testing takes place to test effectiveness of credit policies and processes are followed by the first line of defense.
Regularly reviews that established corporate compliance and risk functions, including risk monitoring and reporting activities and provides the necessary independent oversight (second line of defense) of the risk management activities of the first line of defense.
Monitors that levels of risk control for the first and second lines of defenses are in place and being monitored and supports testing for effectiveness and compliance to mitigate risk and minimize Credit Union loan losses.
Reviews third line of defense audits to understand risk areas identified and is responsible for following through with managements mitigating responses and resolution action plans.
Participates in creating the Executive and Board reports completed by Credit Risk.
Through identification of key risks and risk mitigation strategies, recommends adjustments to risk management and compliance policies and practices as required to ensure alignment with existing and any recalibration of corporate risk tolerances.
Participates in the establishment of standards and acceptable practice in accordance with corporate policy.
Support and ensures the third line of credit defense audit plan is effective.